VMware Q1 outcomes tell true Growth

VMware (NYSE:VMW) is pushing IT transformation forward, and in so executing is continuing to develop itself.

For the earliest quarter of fiscal 2011, VMware reported report revenues of $844 million. VMware's Q1 revenues represent a 33 % year-over-year improve for that virtualization vendor. Net revenue for that earliest quarter was reported at $126 million, up from your $78 million reported for that earliest quarter of 2010. EPS arrived in at $0.29 every share, representing 53 % year-over-year growth.

Moving forward, Mark Peek CFO of VMware offered next quarter guidance for revenues to become within the variety of $860 million to $880 million. The next quarter guidance represents development of in between 28 and 31 % over a year-over-year basis.

VMware is now also ramping up new work targeted on delivering cloud Platform-as-a-Service (PaaS) and cloud request capabilities.

"Beyond the transformation of infrastructure, we think there may be a comparable modernization and transformation of request improvement that is beginning," Paul Maritz, CEO of VMware mentioned throughout the company's earnings call. "This is centered close to the brand new programming frameworks and new information fabrics."

VMware started out its getaway in to the request room using the acquisition of SpringSource in 2009. VMware has because presented their vFabric initiative to allow purposes for that cloud.

Last week, VMware announced Cloud Foundry, which can be an available supply PaaS project. Martiz noted the Cloud Foundry will support VMware to assistance current programming frameworks and also delivering portability throughout clouds. Martiz sees VMware as becoming a important participant within the post-PC era that consists of smartphones and tablets.

"IT will now need to provide purposes and abilities to an progressively heterogeneous world, complete of new tablets and smartphones," Martiz said. "To do this inside a safe and manageable way provides new problems and opportunities."

Maritz added that VMware has products in market including the View desktop virtualization product line that will help to enable the post-PC era, with more efforts yet to come.
"We will invest in new capabilities to enable IT to focus on managing people rather than managing physical devices," Martiz said. "Taken together, we believe that these investments position us well for the future, both the nearer- and the longer-term."